The Power Transmission Distributors Association added a bearings distributor, a manufacturer and an associate to its membership.
Posts By MDM Staff
Building Materials Distribution sales improved 3% year-over-year during 4Q, a stark improvement from a 15% decline in 3Q.
A decrease in BlueLinx's 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Atlanta-based packaging distributor Veritiv added Vivabox Solutions to bolster its existing kitting and assembly capabilities.
Texas A&M University will offer one STAFDA member a scholarship towards earning their master's degree in industrial distribution.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
F.W. Webb's new 43,000 sq. ft. facility adds capacity and provides a comprehensive selection of water works and industrial components.
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
The company has added like foodservice distributors that serve the greater Nashville area and central California.
Our 4Q23 M&A report recaps the year that was 2023 in distribution dealmaking alongside a full rundown of every deal we covered in October-December, the latest EBITDA trading multiples and more.
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.
Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed's 2% target anytime soon.
We're off Monday in observance of Presidents' Day in the U.S., so Update will be back in action Tuesday morning.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
The year started with a slight deceleration in industrial production following a flat December.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
